Forum discusses benefits of TPP in Vietnam’s development fields

Updated: 11:57’ - 15/10/2015

The Trans-Pacific Partnership agreement is expected to help Vietnam and Japan move forward with win-win economic cooperation, especially in the fields of supporting industry and agriculture, Deputy Prime Minister Hoang Trung Hai told the Vietnam-Japan Economic Forum 2015 held on October 14 in Hanoi.

Vietnam hoped the Japanese Government and business community would further make investment in Vietnam, particularly in electronics, agricultural machines, agro-forestry processing, shipbuilding, environment, energy saving, and automobile spare parts manufacturing, Hai said.

He affirmed the Vietnamese Government’s commitment to cooperate with the Japanese side to improve business environment so as to make the country an attractive market for businesses in the future.

A representative from the Japan External Trade Organization (JETRO) said it was imperative for Vietnam to develop the supporting industry and small- and medium-sized enterprises if the country wished to become a manufacturer and supplier of spare parts for foreign countries.

JETRO would realize business connectivity between the two countries and introduce the latest agricultural technologies of Japan to Vietnamese partners, the representative added.

President of the Vietnam Chamber of Commerce and Industry Vu Tien Loc said the chamber would actively work with JETRO and the Japanese Embassy in Vietnam to facilitate business cooperation between the two nations so that Vietnam could forge ahead with improving infrastructure, developing the supporting industry and becoming a key supplier of farm produce and seafood for Japan.-